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<H Shrs>HSI Sags 39Pts at Open; NIO Keeps Rallying; Techs Broadly Soft
The HSI opened 39 points or 0.2% lower at 24,100. The HSCEI dipped 8 points or 0.1% to 8,679. The HSTECH fell 8 points or 0.2% to 5,240.GAC GROUP (02238.HK) forecasted a 1H25 loss ...
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<H Shrs>HSI Sags 39Pts at Open; NIO Keeps Rallying; Techs Broadly Soft
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STOCK INFO

The HSI opened 39 points or 0.2% lower at 24,100. The HSCEI dipped 8 points or 0.1% to 8,679. The HSTECH fell 8 points or 0.2% to 5,240.

GAC GROUP (02238.HK)  -0.040 (-1.299%)    Short selling $2.45M; Ratio 14.592%   forecasted a 1H25 loss of RMB1.8-2.6 billion, leading to a 1.9% lower opening at HKD3.03. LEAPMOTOR (09863.HK)  -1.750 (-2.869%)    Short selling $2.37M; Ratio 1.331%   saw two limited partners sell 4.6 million H-shares, with its stock opening 1.9% lower at HKD56.65.

As to other automakers, NIO-SW (09866.HK)  -0.650 (-1.935%)    Short selling $33.78M; Ratio 24.722%   jumped up 4.6% at the open, with CICC noting that NIO’s L90 pre-sales began, expecting the model to lead in the premium large three-row SUV market and anticipating product and profit improvements, with a target price of HKD41, implying 40% upside for the stock.

BYD COMPANY (01211.HK)  -0.900 (-0.729%)    Short selling $564.81M; Ratio 36.829%   opened flat at HKD120.1. GEELY AUTO (00175.HK)  +0.020 (+0.110%)    Short selling $175.74M; Ratio 17.439%   , LI AUTO-W (02015.HK)  +0.100 (+0.088%)    Short selling $74.03M; Ratio 11.954%   , and XPENG-W (09868.HK)  -0.500 (-0.706%)    Short selling $118.62M; Ratio 12.848%   opened 0.4-0.8% lower. XIAOMI-W (01810.HK)  -0.350 (-0.607%)    Short selling $245.02M; Ratio 7.668%   edged up 0.3%.

In tech, BABA-W (09988.HK)  +0.300 (+0.264%)    Short selling $1.71B; Ratio 15.246%   opened 0.7% lower, TENCENT (00700.HK)  -1.000 (-0.193%)    Short selling $667.18M; Ratio 8.666%   and NTES-S (09999.HK)  -2.200 (-1.053%)    Short selling $95.22M; Ratio 22.320%   gained 0.1%. MEITUAN-W (03690.HK)  -2.100 (-1.664%)    Short selling $1.14B; Ratio 20.121%   lost 0.2%. SMIC (00981.HK)  -0.200 (-0.439%)    Short selling $100.43M; Ratio 5.458%   and KUAISHOU-W (01024.HK)  +1.450 (+2.128%)    Short selling $363.43M; Ratio 14.511%   added 0.5% and 0.6%, respectively.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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